Puerto Rico bond lawyer
Tag Archive

  • UBS Loses Again on Puerto Rican Bonds

    November 30, 2016 Comments (0) Blog, Current Investigations

    UBS Loses Again on Puerto Rican Bonds UBS was dealt another blow from its sale of Puerto Rican bonds and closed-end funds by FINRA, who ordered the firm to pay over $700,000 to two elderly clients. As we’ve told you, UBS has been under fire in a number of FINRA arbitration cases from clients claiming …

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  • UBS to pay $750,000 for Puerto Rico investment damages

    September 14, 2016 Comments (0) Blog, Current Investigations

    UBS Group AG’s wealth management business must pay a combined $750,000 to three investors who claimed damages tied to their investments in Puerto Rico’s debt, according to the Financial Industry Regulatory Authority Inc.  According to a FINRA document , the arbitration award will go to Jose A. Rivera

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  • Threat of Puerto Rico Default

    April 27, 2016 Comments (0) Blog, Securities Fraud

    The debt crisis in Puerto Rico continues to loom over the commonwealth. Although the island is a U.S. territory, it’s public corporations are not covered by U.S Bankruptcy code. With a $422 million debt payment due May 1 and another $2 billion due in July, the threat of default is nearing a very real

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  • Recovery of Puerto Rico COMWLTH PUB IMPT RFDG Bonds Series 2012 A G/O Losses

    January 6, 2016 Comments (0) Blog

    Have you suffered losses investing in Puerto Rico COMWLTH PUB IMPT RFDG Bonds Series 2012 A G/O bonds?  If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the brokerage firm that recommended the investment. With the Puerto Rican

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  • Bondholders Give Puerto Rico an Extension

    November 2, 2015 Comments (0) Blog, Securities Fraud

    Puerto Rico Electric Power Authority (PREPA) has signed its 12th extension to restructure $8.3 billion of debt. According to Yahoo Finance, “Investors holding about 35 percent of the Puerto Rico Electric Power Authority’s debt decided to delay until next week the expiration of a forbearance agreement that was

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  • FINRA Awards UBS Client $2.9 Million

    September 2, 2015 Comments (0) Blog, Securities Fraud

    UBS ordered to pay $2.9 million in another FINRA arbitration claim. The financial Industry Regulator authority (FINRA) awarded Ana Teresa Lopes-Gonzales and Andres Ricardo Gomez $2.4 million in damages and about $480,000 for attorneys fees. According to Investment News, Gonzales and Gomez were part of a $10 million

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  • Puerto Rico Bonds Default and Investors Litigation Options

    August 12, 2015 Comments (0) Blog

    The situation in Puerto Rico continues to deteriorate.  Earlier this year, ratings agencies Moody’s Investors Service and Standard & Poor’s downgraded Puerto Rico’s general obligation (GO) bonds, already in “junk” territory, even farther (to Caa1 and B, respectively), citing concerns

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  • Puerto Rico Municipal Bond Funds

    June 30, 2015 Comments (0) Blog, Securities Fraud

    According to reports,  U.S. fund manager OppenheimerFunds, the largest holder of Puerto Rico debt among U.S. municipal bond funds, warns that it stands ready to defend the terms of bonds it holds. This statement comes a day after the governor said he wanted to restructure debt and postpone bond payments. Puerto

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  • Puerto Rico Bond Losses

    June 30, 2015 Comments (0) Blog, Securities Fraud

    **Update** The US government has announced that it will not bail out Puerto Rico. Subsequently, the commonwealth may default on its debt.This would cause a historic economic collapse since Puerto Rico’s governor said the island cannot pay its $72 billion in debts. The inability of the U.S. territory to repay its

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  • Puerto Rico Bond Losses

    June 29, 2015 Comments (0) Blog, Securities Fraud

    Many investors in Puerto Rico municipal bonds have concern for their investments. The commonwealth has been able to stave off a bail out but the island remains indebted more than $70 billion dollars, or about 68% of its gross domestic product. Furthermore the three major bond credit rating agency downgraded Puerto

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